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Businesses rely on their suppliers to cut costs

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Businesses rely on their suppliers to cut costs, increase quality, and deliver goods on shorter time tables to better meet the company's financial requirements and customer commitments. Do you think that contractual agreements should be made in order that assurances such as JIT inventory needs are guaranteed? Why or why not?

Reference

Vonderembse, M.A. & White, G.P. (2013). Operations Management . San Diego, CA: Bridgepoint Education, Inc.

Reference no: EM132316582

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